Overview
- The updated text, now titled the 21st Century ROAD to Housing Act, includes a prohibition on purchases of single‑family homes by large institutional investors.
- The bill sets the threshold for a “large institutional investor” at entities controlling 350 or more homes, up from a 100‑home cutoff in an earlier White House draft.
- Senate leaders scheduled a procedural vote after filing cloture on the House vehicle, positioning the package for floor consideration this week.
- Republican views diverge on the ban, with figures like Sen. Thom Tillis opposing the approach while others, including Sen. Bernie Moreno, have pressed to include it.
- Negotiators are blending elements of the Senate’s ROAD framework with House‑passed provisions, while dropping earlier ideas to tie grants to permissive zoning or grade local land‑use rules.